As first disclosed in the
Companys Annual Report on Form 10-K for the year ended December 31, 2009, the United States Securities and Exchange Commission (SEC) is conducting a formal investigation involving trading in the Companys securities. The
Company and certain of the Companys officers and employees, including its CEO and President, have received subpoenas in connection with the SECs investigation. The Company is fully cooperating with the SEC in regards to this matter. On
July 19, 2011, the Staff of the SEC notified the Company, its CEO and President that they are considering recommending that the SEC initiate a civil injunction action against the Company, its CEO and President, charging them with violations of the
antifraud and reporting provisions of the federal securities laws. Under a process established by the SEC, the Company, its CEO and President have the opportunity to submit to the Staff any reasons of law, policy or fact why they believe that the
civil action should not be brought (a Wells Submission) before the Staff makes its formal recommendation to the SEC regarding what action, if any, should be brought. The Company, its CEO and President intend to continue to cooperate with
the SEC to attempt to resolve the Staffs concerns, but there can be no assurance that the SEC will decide not to bring an action against them.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.